Shaogang Iron and Steel Songshan Co. (000717.SZ) forecast it could lose 1.6 billion yuan during the first three quarters of this year, the Shenzhen bourse-listed firm said on late Thursday.
During the same period of 2014, the Guangdong province-based steelmaker incurred a loss of 860 million yuan.
The steelmaker attributed its deeper losses to much lower steel prices and depreciation of RMB.
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